Don’t fear the battery, Elon Musk tells power companies - battery storage systems

Elon Musk, ceo of Tesla Motors
He told the owners of the power company that they should not be worried that his battery system would shut them down --
Instead, they should buy them.
Most customers in the United StatesS.
Musk said at a public utilities executive gathering in New Orleans on Monday that in the event of a failure, the Powerwall home system will be used as a backup, rather than replacing the main source of power for utility sales.
In addition, electric vehicles like the Tesla Model S will help power demand triple, with less than three of them being serviced by distributed generation companies such as battery storage systems and Musk-backed solar panels.
Musk introduced a set of batteries in April, which he said would "fundamentally change the way the world uses energy ".
"The equipment allows businesses and homeowners to store electricity, reducing the need to rely on power from the grid.
Musk said the media was confused about the role of the home battery pack, which is not economical as the main source of supply.
He believes that there are 80 to 90 sales in the larger Powerpack system, which may help utilities to store electricity to reduce demand for expensive facilities that are only in demand
While Tesla's industrial battery team has been meeting with utility executives for more than two years, Monday's appearance at the Edison Electric Power Academy conference marked the first appearance of 43-year-old Musk, has publicly stated to the industry.
Musk, also chairman of SolarCity
Ted Craver, CEO of California utility owner Edison International, took questions and the company has signed an agreement to use Tesla's batteries with solar devices.
Batteries can work with wind and solar power systems installed by customers at home or in the office.
Storing energy during peak production can allow it to be distributed later, alleviating the problem of intermittent supply when the sun does not shine or the wind does not blow.
Tesla has announced at least 10 commercial devices that can store 11 batteries.
According to Bloomberg New Energy Finance Communications June 5, 2 megawatts of electricity.
Global investment in energy storage is expected to increase from $0. 8 billion in 2014 to $5, more than double.
According to a report from BNEF last year, it was 1 billion in 2020.
In Tesla's home state of California, regulators have released a breakthrough energy program.
Requires storage authorization from Edison International, PG & E
Co-purchase 1 with San Diego Gas and Power Company of Sempra Energy.
As of the end of 2020, 3 gigawatts of energy storage capacity.
Musk said he did not believe the disruption for "his own benefit" and that he believed most of the energy in the future would come from the sun.
The outlook for the utilities industry is positive, he said, and urged executives at the meeting to help streamline the process of installing car charging stations.
"Rumors about our deaths have been greatly exaggerated," Leo Denot, New Orleans chairman and chief executive --
Utility owner Entergy Corp.
Mark Twain was quoted at the beginning of the meeting.